If an item cost 450 dollars in 1969 what would it cost in 2007?

The website "http://www.austintxgensoc.org/calculatecpi.php" calculates the consumer price index, and converts dollar amounts in a given year to the value of those dollars in another year. According to its calculations, $450.00 in 1969 would be equivalent to $2,491.65 in 2007.